Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling...

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Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Machine ma

b. Determine the amount of Indirect costs assigned to each of the products. (Do not round your intermediate calculations. Rou

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Answer 1

Answer #1

Activity Rate
Activity		Cost	Drivers	Rate
Material Handling	71,100	450	158	per move
Machine Maintenance	74,400	37200	2	per MH
Setups		79,488	64	1242	Per production run

Req a.
Activity Pool	Rate
Material Handling	158	per move
Machine Maintenance	2	per MH
Setups		1242	Per production run

Req b.
Activity cost allocated
Activity		Rate	Economy	Standard	Premium
			Driver	OH cost	Driver	OH cost	Driver	OH cost
Material Handling	158	148	23384	127	20066	175	27650
Machine Maintenance	2	9550	19100	20300	40600	7350	14700
Setups		1242	28	34776	11	13662	25	31050
		TOTAL OVERHEADS	77260		74328		73400

Models		Cost
Economy		77260
Standard		74328
Premium		73400

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Answer 2

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